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Wednesday, May 20, 2015

THE following Singapore companies issued announcements on Tuesday that may affect their trading activity.

GSS Energy has invested S$5 million into Ramba Energy to participate in the latter's exploration programme at the West Jambi block in Sumatra, Indonesia.

This represents an expansion of GSS's existing operations in Central
& East Java into Sumatra, which will enhance the group's overall
growth potential, said GSS.

Accordia Golf Trust (AGT) - which debuted on the Mainboard last August - has posted a maiden distribution per unit (DPU) of 5.16 yen (5.71 Singapore cents) for the period from August 1, 2014, to March 31, 2015 (FY2014/2015).

Net profit attributable to unitholders for the period came up to 2.6
billion yen. Total operating income stood at 33.4 billion, 2.2 per cent
below AGT's forecast, due to "unfavourable weather conditions and
discounts given during winter season to attract more visitors", said
AGT.

REPORTS or announcements relating to the following Singapore
companies were issued on Tuesday, which may affect their trading
activity.

Property developers may rack up as much as S$90 million in extension
charges for unsold units in their condo projects from April to December
this year, and a further S$238 million in 2016 if the Singapore real
estate market remains lacklustre.

THE Straits Times Index (STI) opened lower on Wednesday, down 6.43
points or 0.19 per cent to 3,447.61 after Wall Street finished mixed on
Tuesday.

The most active stocks out of the gate included CapitaLand - down two
cents to S$3.58 - while Singtel fell three cents to S$4.28. Keppel Corp
gave up nine cents to S$8.74.A total of 89.7 million shares worth S$71.7 million had changed hands
at about 9.04am. Gainers narrowly outnumbered losers 75 to 72.

Net profit attributable to unitholders for the period came up to 2.6
billion yen. Total operating income stood at 33.4 billion, 2.2 per cent
below AGT's forecast, due to "unfavourable weather conditions and
discounts given during winter season to attract more visitors", said
AGT.

The Straits Times Index (STI) rose 4.28 points or 0.12 per cent to 3,463.85 as at 9am on Tuesday.ST PHOTOMay 19, 2015 9:12 AMTHE Straits Times Index (STI) rose 4.28 points or 0.12 per cent to 3,463.85 as at 9am on Tuesday.

Among the most active stocks out of the gate were Sino Construction,
up 5.88 per cent or 0.2 Singapore cent at 3.6 Singapore cents; Stratech
Group, up 3.03 per cent or 0.1 Singapore cent at 3.4 Singapore cents;
and Jaya Holdings, up 4.44 per cent or 0.2 Singapore cent at 4.7
Singapore cents.A total of 68.8 million shares worth S$87.6 million had changed hands as at 9. Gainers outnumbered losers 84 to 62.

Monday, May 18, 2015

AFTER a surprisingly big jump in March, Singapore's non-oil domestic
exports (NODX) slipped back to slow growth in April, rising just 2.2 per
cent year on year last month after an 18.5 per cent increase in the
previous month.

Month on month, the NODX tumbled a seasonally adjusted 8.7 per cent
in April against a 23.1 per cent surge in March, data released by trade
promotion agency International Enterprise Singapore (IE Singapore) on
Monday morning showed.

The electronic NODX was also back to its old self, posting a 3.8 per
cent year-on-year dip in April. This was in contrast to 10.4 per cent
rise in March.

The overall NODX was only saved from returning all the way to
negative territory because the non-electronic NODX managed to stay on
the growth path. It grew 4.7 per cent. While this was a far cry from the
21.6 per cent growth in March, IE Singapore said it was enough to
outweigh the decline in the electronic NODX.

SHARES of mainboard-listed Internet stock YuuZoo surged 8.092 per
cent or S$0.014 to S$0.187 as at 10.30am, making it one of the most
actively traded stocks on Monday morning.It opened 0.1 Singapore cent higher at 1.8 Singapore cents before
hitting a high of 1.89 Singapore cents at about 9.20am. Some 29.1
million shares changed hands.

On Friday, the social networking and e-commerce firm posted a net
profit of US$3.2 million for the first quarter ended March 31, 2015,
reversing a loss of US$1.1 million from a year ago, on the back of a 58
per cent rise in revenue to US$9.6 million, due mainly to high margins
on the sale of franchise licences in Turkey and South Korea

THE Straits Times Index (STI) rose by 3.67 points or 0.11 per cent to
3,466.77 as at 9am on Monday, following last week's rebound on Wall
Street stocks lifted by encouraging data on the US jobs market and
inflation.

Among the most active stocks out of the gate were OLS, up 16.67 per
cent or 0.1 Singapore cent at 0.7 Singapore cent; EMS Energy, up 8.7 per
cent or 0.2 Singapore cent at 2.5 Singapore cents; and YuuZoo, up 3.47
per cent or 0.6 Singapore cents at 17.9 Singapore cents.

A total of 53.3 million shares worth S$34.2 million had changed hands as at 9.02am. Gainers outnumbered losers 93 to 60.